Kaleo: The price of Bitcoin has completed a correction and established a new upper limit
As I discussed in yesterday's stream, the recent dip we had was nothing more than a healthy correction after a massive parabolic extension. I believe we've defined the upper and lower bounds of a new range that we'll likely trade within for the next month or two before continuing higher. As equities continue to climb to new ATHs, if we get a BTC ETF approval next month, I don't see anything slowing Bitcoin down from continuing its path to price discovery. Add the halving in April, and we're primed for one hell of a year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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